6727 CAMELLIA AVE North Hollywood, CA 91606
$2,500,000
Listed By Anie Mayelian, Equity Union
0.31
Acres
LARD2 & LARD1.5
Zoning
Active
Status
MLS#
SR22082672
We are pleased to present a rare combination of 2 lots of approximately 13,501 sq ft. The sites consists of 2 separate parcels that are zoned RD1.5 and RD2. The properties provides an opportunity for a developer to acquire 2 lots located back to back from Beck Ave to Camellia Ave. A developer may consider a small lot subdivision to construct 7 market-rate single-family homes in North Hollywood (Buyer to verify). There is limited competition with very few active single-family developments in the Valley. Similar new construction homes are selling as high as $850,000 or more in the area. This wonderful pocket of North Hollywood is close to the dining and shopping. Very easy access to the 170, 101 and 134 freeways Metro North Hollywood Red Line and Metro Orange Line. Located in an opportunity zone, a savvy developer can take advantage of possible tax benefits. Existing improvements consist of 4 units on Beck Ave and 3 units on Camellia Ave, both properties must be sold together. The properties are fully occupied with in place income of $136,560.
Details
*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Listing Office Equity Union
MLS# SR22082672
Updated 7:17AM - 7/2/2022
Listing Agent Anie Mayelian
License CA #00778825
Based on information from CRISNet MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. CRISNet MLS IDX listings provided by Seventy3.
Area Information
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